Topic: Please help me to understand what is happening right now. The value of my bitcoi - page 2. (Read 1617 times)

All assets values have price variations. The price is given by the market (demand and offer) and the variation of the price follow some economic laws. I'm a 7 year trader, and I can say that when you have some market experience you can predict some variations of the price of an asset using the market indicators.

For example look at this chart   https://www.investing.com/currencies/btc-usd-chart   (enlarge it from top right)

Place on it the boliger band indicator and the stochastic RSI indicator (from the indicators). Then click 1D.
The boliger bands give you the extrema inteval of the variation. Can you see that on 2/9/2017 the price was maximum? This is because the price was over the upper bolinger band. Then it became to decrease. The economic law says that the average price (the mid red line) will tend to keep the price under it or above it. Now the price is under the average (red line). It will continue to decrease, until it will go UNDER the lower boliger band. Then it will start to increase. This will happen (in my opinion) in one month from now. The stochastic goes up and down, now is towards its minimum, in about 3-4 weeks it will go up (saying that the price is going to increase).

Now look at what happened to the bitcoin price between 11 June and 16 July. On 16 July the price was minimum and below the lower bolinger band. And it started to increase. The same will happen now. In markets, the history repeats with variations. Now the history between 11 June and 16 July repeats.  
 

Skyler, just relax the market is going to be fine, this China thing is only a bump it will recover and recover hugely....just relax my friend.

Okay  just relax dude in this situation we are all affected but dont give up.  Maybe you lose 10$ cuase you converted it to btc instead of dollar,? Thats why you  lose your 10$ when btc sunddenly fall deeply. Please correct me if im wrong. But Anyways dont panic cause this tragedy always happened even before nowadays all crypto community had a doubt  becuase of china. But keept our fingercrossed to stop btc from crashing. .and lets wait for the bitcoin increasing again and reach the predicted value.

If you are not ready to accept volatility, you should not have bought bitcoin in the first place.
You should see it as a long term investment.
If you can't accept losses, sell and invest in another asset.
If you believe in BTC, keep your holdings and buy some more if price continues to go down.

We are all scared and worried about the collapse of bitcoins because of what might have happened before. But do not worry about that as a newbie as you say. So what you should do now is to wait and just relax first because bitcoins will not fall on the previous price in January. The truth is that it will be increasing especially now in the november moving where to activate the sec. And expect the bitcoins to reach more than $ 10,000 at the end of the year

dont get panic, dont sell your bitcoin just hold on it, if you remember the hard fork last august which the price is about to decrease 30-40%  of its value then after a week or 2 weeks the price increase and it almost close to 5000$, bitcoin have a volatile character which many people and investor like and attract to it, investment have a risk and it is just a part of it. Hold on pal it will recover soon, dont mind China about banning pf ICO and Shutting down Local Exchange as they government want to improve it and make it more safe.

I was also worried about this too.  I have been involved in crypto world just about 2 months and Ive never seen bitcoin dropped like this twice.  I even thought if it was too late in joining bitcoin becaause of it and I didnt know much about bitcoin volatility.  Well thanks to the assurance of the older members here,  I can sleep well tonight without worrying much about this.

be patient, don't panic this is only temporary,
still holding bitcoin ,, bitcoin will not fall too deep.
because I believe next year bitcoin prices will be more expensive.

You don't need to worry this always happen. In May Bitcoin's price fell below some unexpected range but,  after few days nor months it may even reach it's highest price history. Just always stay calm mate. If your loosing 10$ think of some big investors that is losing alots of money on bitcoin. my suggestion is to just put your BTC
 on an altcoin if you're really scared to have a red mark on BTC.

Hahaha what the hell? This guy is worried because he lost $10? Holy shit. Welcome to bitcointalk. Hahaha. I lost... more than $10. I feel like it's going to be ok. BTCC even confirmed they are still operating normally and haven't heard anything from any regulators. I just posted there! It's fake news! Spread the word!! You'll get those$10 back asap and then your $200 worth of bitcoins will double.

The basic thing you have to understand when trading with crypto currency is that never to sell off your coins at a loss as the market do recover in a short period of time,since you are holding a small amount of coin you could add up when the price falls further as you could profit by holding it for a longer period of time.

.014 BTC is like 60 bucks. Even a 40% drop in value is the cost of a pizza. If this level of loss keeps you up night maybe you shouldn't be investing in anything.

Never panick with this kind of things. Follow more news and be patient. It's the key. If you panic, you make wrong trades which will result in economis loss of money and altcoins.

Just take a deep breath, drink a beer ( if you're old enough)  and keep your bitcoins. The price will go up because this is a normal situation. cheers  

This is usual behavior. The most important thing is not to panic. What was the reason you bought the btc? If it was to earn profit, wait until it rises above what you have bought it for and then sell.

This is just a temporary dip dude. Bitcoin has survived far worse problems and has survived them all like a champion. Nothing can topple bitcoin and slow down its momentum. Just keep HODLng!

That's a normal thing. Just hold your Bitcoin and avoid selling it as its price is falling. Wait for exchangers with high exchanging rate. No need to worry in such situation like this. Surely, it will be back into normal eventually even if it will take a period of time. But ofcourse patience is the key, if you want to earn profit, you should be patient and wait for the right time to sell it.

Bitcoin is crashing for good.  You should sell it.  I'll buy it from you for $1000.

This is the free market in action, brother.  How long have you been into crypto?  Probably
not that long, I'd imagine, else you would be prepared for dips and crashes like this.  And
not too long ago we crashed to $1900.  Think about that.  I assume you bought in at the
recent top...you should have waited.  But just hold on and don't get scared.  And definitely
don't invest money that you're going to need for living expenses.  If you do that you won't
have to watch the market constantly and fret about it.

Print this out and fix it to your wall.